(BroBible.com)
Wednesday, August 9, 2017
That's Not A Bad Idea
Got somewhere you need to go? Go there in an M5.
Editor's note: My preference would be in an E39 M5.
(Jalopnik.com)
Editor's note: My preference would be in an E39 M5.
(Jalopnik.com)
Health Warnings Be Damned, It's Profitability Continues To Soar
Make Smoking Safe Again
With 480,000 related deaths per year and $300 billion in medical and productivity costs, the burden of smoking is too high to handle.
Now, the FDA is lowering nicotine levels in cigarettes to non-addictive levels. And with any luck, smokers will trend towards healthier forms of smoking, like vaping.
As expected, cigarette companies were shaken by the news. Altria fell 19% (its biggest one-day drop since 1999), British American fell 11% and Philip Morris was down 3.5%.
Regulations and taxes on cigarettes are a fabric of society in the U.S, but they haven’t harmed cigarette companies as much as you’d think.
From 2001 to 2016, the overall number of cigarettes sold in the U.S. fell by 37%, while revenue rose 32% to $93.4 billion.
As everyone keeps looking for their “fix,” it looks as though the FDA has found theirs.
(BroBible.com)
With 480,000 related deaths per year and $300 billion in medical and productivity costs, the burden of smoking is too high to handle.
Now, the FDA is lowering nicotine levels in cigarettes to non-addictive levels. And with any luck, smokers will trend towards healthier forms of smoking, like vaping.
As expected, cigarette companies were shaken by the news. Altria fell 19% (its biggest one-day drop since 1999), British American fell 11% and Philip Morris was down 3.5%.
Regulations and taxes on cigarettes are a fabric of society in the U.S, but they haven’t harmed cigarette companies as much as you’d think.
From 2001 to 2016, the overall number of cigarettes sold in the U.S. fell by 37%, while revenue rose 32% to $93.4 billion.
As everyone keeps looking for their “fix,” it looks as though the FDA has found theirs.
(BroBible.com)
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